Allstate Corp Buys 7,597 Shares of DTE Energy Company $DTE

Allstate Corp increased its stake in DTE Energy Company (NYSE:DTE) by 99.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,239 shares of the utilities provider’s stock after acquiring an additional 7,597 shares during the period. Allstate Corp’s holdings in DTE Energy were worth $1,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DTE. Vanguard Group Inc. lifted its stake in shares of DTE Energy by 3.0% in the 4th quarter. Vanguard Group Inc. now owns 26,305,533 shares of the utilities provider’s stock valued at $3,392,888,000 after acquiring an additional 766,499 shares during the last quarter. Millennium Management LLC lifted its stake in shares of DTE Energy by 810.6% in the 3rd quarter. Millennium Management LLC now owns 833,595 shares of the utilities provider’s stock valued at $117,895,000 after acquiring an additional 742,056 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of DTE Energy by 176.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,015,208 shares of the utilities provider’s stock valued at $134,474,000 after acquiring an additional 648,007 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of DTE Energy by 12.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,571,081 shares of the utilities provider’s stock valued at $788,004,000 after acquiring an additional 602,602 shares during the last quarter. Finally, Capital World Investors lifted its stake in shares of DTE Energy by 5.9% in the 3rd quarter. Capital World Investors now owns 9,851,237 shares of the utilities provider’s stock valued at $1,393,260,000 after acquiring an additional 552,346 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DTE. Barclays lowered their target price on DTE Energy from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Mizuho set a $165.00 target price on DTE Energy in a research note on Friday, May 1st. Citigroup boosted their target price on DTE Energy from $158.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Bank of America restated a “buy” rating on shares of DTE Energy in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded DTE Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.25.

DTE Energy News Summary

Here are the key news stories impacting DTE Energy this week:

• Positive Sentiment: DTE unveiled a $1.6 billion investment in Michigan battery energy storage systems, partnering with LG Energy Solution Vertech to build out eight projects that total 6 GWh. The deal supports grid reliability, clean-energy goals, and domestic manufacturing, which could improve long-term utility asset growth. Article Title
• Positive Sentiment: The project is being highlighted as a major boost for Michigan-made battery production in Holland and West Michigan, with local economic benefits and potential support from data-center-driven power demand on DTE’s grid. That could strengthen investor confidence in future regulated infrastructure spending. Article Title
• Positive Sentiment: Broader clean-energy interest is also keeping DTE in focus alongside other utility and wind stocks as investors look for beneficiaries of rising demand for low-carbon power and grid storage. Article Title
• Neutral Sentiment: LG Energy Solution’s stock jumped after landing the U.S. battery-storage contract, underscoring the importance of the partnership, but the move mainly reflects enthusiasm for the supplier rather than a direct financial update from DTE. Article Title
• Negative Sentiment: Despite the strategic benefits, the announcement also highlights a very large capital commitment, which can pressure near-term earnings, cash flow, and leverage metrics for a utility already carrying meaningful debt. Article Title

Insider Activity

In other news, VP Lisa A. Muschong sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $143.72, for a total value of $143,720.00. Following the completion of the transaction, the vice president owned 6,233 shares of the company’s stock, valued at approximately $895,806.76. This represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

DTE Energy Stock Down 1.4%

Shares of NYSE:DTE opened at $143.28 on Friday. DTE Energy Company has a 1 year low of $126.23 and a 1 year high of $154.63. The company has a market cap of $29.81 billion, a PE ratio of 23.60, a P/E/G ratio of 3.17 and a beta of 0.41. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.95 and a quick ratio of 0.69. The stock’s 50-day moving average is $145.35 and its 200 day moving average is $139.82.

DTE Energy (NYSE:DTE) last announced its quarterly earnings results on Thursday, April 30th. The utilities provider reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.03). DTE Energy had a net margin of 7.65% and a return on equity of 12.37%. The business had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the prior year, the firm earned $2.10 EPS. DTE Energy has set its FY 2026 guidance at 7.590-7.730 EPS. Sell-side analysts anticipate that DTE Energy Company will post 7.71 EPS for the current year.

DTE Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 22nd will be issued a dividend of $1.165 per share. The ex-dividend date is Monday, June 22nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 3.3%. DTE Energy’s dividend payout ratio is 76.77%.

DTE Energy Profile

DTE Energy is an integrated energy company headquartered in Detroit, Michigan, that combines regulated utility operations with non-utility energy businesses. Its regulated subsidiaries operate electric and natural gas utility services that deliver generation, transmission and distribution to residential, commercial and industrial customers. The company’s utility segment focuses on maintaining and upgrading energy delivery infrastructure, ensuring reliable service and meeting regulatory requirements in its service territory.

Beyond its regulated utilities, DTE Energy operates non-utility businesses that develop, own and operate power generation and energy-related projects.